From Farm to Fork: Mapping India’s Cashew Value Chain for Investment Opportunities

 India is one of the major producers of cashew in the world. In fact, alongside Ivory Coast, it controls close to 40-45% global cashew market. In 2024, 1.72 million acres of land has been dedicated for cashew farming in India, generating a total market value of USD 729 million. India is active throughout the cashew value chain, generating employment for around 1 million individuals. 

The cashew kernels are one of the most prominent part of the value chain, as it has a huge domestic and international market. Cashew kernels are highly valued for its unique taste and nutritional values. There is a huge industry thriving in India engaged in drying, roasting and packaging of cashew nuts. India is also the second largest cashew exporter in the world. 

Besides cashew kernel there are also other essential components in the value chain such as cashew fruit and shell oil. The cashew fruit is edible. It can also be used for making jams and pickles. Meanwhile the cashew shell oil has numerous industrial and commercial uses. The oil is heat resistant and can be used in high heat environments such as brake linings. They are also used in various paints and varnishes. The cashew shell oil is an emerging segment in India, but is abreast with lucrative business opportunities.



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